TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Americana Partners LLC

Americana Partners LLC reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 77.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 937 shares of the aerospace company's stock after selling 3,195 shares during the period. Americana Partners LLC's holdings in TransDigm Group were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. First Personal Financial Services acquired a new position in shares of TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the third quarter worth about $29,000. Trust Co. of Vermont boosted its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC boosted its stake in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after buying an additional 11 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 1.6 %

Shares of NYSE TDG traded down $20.96 during midday trading on Friday, hitting $1,291.58. The stock had a trading volume of 198,831 shares, compared to its average volume of 264,719. The company has a market capitalization of $72.44 billion, a PE ratio of 45.56, a P/E/G ratio of 2.82 and a beta of 1.40. The stock has a 50 day simple moving average of $1,306.06 and a 200-day simple moving average of $1,319.28. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,462.35.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,647 shares of company stock valued at $151,878,163. 4.09% of the stock is currently owned by insiders.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.